what happended today

I was in a number of meetings today but was watching the numbers annoucements on my blackberry that rates got better today. I don't what made the market move so much. The opening price was about .25 to .375 better than the previous day.

At the end of the there were a couple of adjustments higher. Let's see what happens. This is all positive for folks with loans less than $417,000 and LTV's less than 80% however if you don't fall into that bucket it wasn't as interesting yet.

Looking forward to learning more on how the new "High Balance Conforming which goes to $625,500 will be priced by the banks, and what the guidelines will be if you want t consolidate two existing seasoned loans with that product.